Rental housing makes up 34% of the housing stock, and is growing at the rate of 1.6 million per year, while owned households is actually on the decline.

WASHINGTON (AP) - Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery. Reduced prices, record-low mortgage rates, higher rents and an improving job market appear to be emboldening many would-be buyers. Open houses are drawing crowds. A wave of foreclosures is leading investors to grab bargain-priced homes.

As mortgage rates take another dip to an all-time record low , borrowing just became a little cheaper for home buyers or refinancers. Read more what Freddie Mac has to say

Save the Date!! Thursday, May 17th is the 2012 OC Green Fair. This is a free event for the community, which showcases eco-friendly products and services. This is a great way to become connected with the community and to become aware about the environment and learn what you can do to reduce your impact on the earth.

Buying a ticket to the May Villa Park High School Car Show ensures that students' love of music will flourish.

On April 29th the Villa Park Women's League Home Tour will offer an exclusive peek into some of Villa Park's most elegant homes.

Will 2012 have renters feeling the burn? And are conditions looking more favorable for aspiring homeowners or should you put your dream of owning anything with a picket fence on the backburner?

Chapman University's goal of making their new book festival "one of the premiere events in the U.S." holds the promise exciting results for art enthusiasts.

How does the foreclosure rate compare to previous years?

Despite a sluggish economy, mortgage rates remain surprisingly low.

Wronged California homeowners seek a piece of the $25 billion mortgage lender settlement.

Sir Arthur Conan Doyle's beloved detective is brought to life in this spunky adaptation of the original Sherlock Holmes play.

To prevent foreclosures many banks have started paying homeowners to sell.

December saw a rare home sales increase. But how will current mortgage rates affect future home sales?

Missed the big Villa Park 50th Anniversary celebration? Bummer. Luckily, there are still plenty of planned 2012 events guaranteed to get you in the community spirit.